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Hi All: I´m an individual investor that´s writting a blog for Spanish readers about North-American Markets, to share information and investment ideas in the other side of wide Atlantic. Improving knowledge about NorthAmerican markets to Spanish investors will help to improve confidence to make... More
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EL NIDO DEL AGUILA
  • ELLIOTT WAVE ANALYSIS OF HEWLETT PACKARD CO. (HPQ) 0 comments
    Oct 7, 2012 7:31 AM | about stocks: HPQ

    (click to enlarge)HPQ monthly candlesticks

    Good Evening:

    Apocalypse for PC era will wait for a while in my humble opinion. PC and laptops are still good tools in factories, offices and nice toys at homes; servers are the heart that store in the cloud and pumps data towards wide world web in our information technology society.

    Hewlett Packard Co. (NYSE:HPQ) manufactures Pc´s,Laptops tablets and servers, but it also manufactures printers with its cartridges (by the way..) nice business, and a wide range of electronic devices, so.. for me is well diversified in its products that reach new and old customers every day.

    Turn around stories won´t work from one day to another, but it seems to me that HPQ´s CEO Meg Whitman is working very hard to fix HPQ´s problems.

    I´m not an economist to calibrate HPQ´s financials, but I´m a fan of Tech. analysis, and over all a student of Elliott´s wave Theory. And if you analyze HPQ under that theory, you can see a clear buy signal on that company, ´cause in my humble opinion is finishing the last 5th wave in its downtrend, so after 5th wave finish its extension, there is a nice upside potential to reach a target, using Fibonacci ratio about 50% of total downtrend, more or less; we´re talking to skyrocket to level Us.$35. Uhh, of course not in one day, or one week, or one month, but in one or two years it could be. So. Swing trading Long HPQ from now it could be a nice business, because Hewlett Packard at this level has a nice reward/risk ratio for retail investors.

    Have a nice day, Love from Spain...

    www.elnidodelaguila.com

    Disclosure: I am long HPQ.

    Stocks: HPQ
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